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Former LeClair Ryan execs reach $10M settlement
Former executives at Richmond-based LeClair Ryan PLLC have reached a settlement with the firm’s insurer and bankruptcy trustee over $10 million in pending claims, according to a report from The American Lawyer. The firm’s liability insurer, Columbia Casualty, agreed to pay the firm’s trustee, Lynn Tavenner, $9.425 million to resolve claims including conspiracy and breach [&hellip[...]
Dominion reports increases in diverse hiring over past 5 years
Dominion Energy Inc. released its first public diversity, equity and inclusion report on Friday, reporting increases in gender and racial diversity among employees hired between 2016 and 2020. With a goal of reaching 40% in diverse workforce representation — meaning hires of women and non-white people — by 2026, the Richmond-based utility giant, which employs […]
$41.9M apartment building coming to Richmond’s Manchester neighborhood
Atlanta and Washington, D.C.-based developer Capital City Real Estate is building a seven-story, 173,000-square-foot multifamily project in Richmond‘s Manchester neighborhood about a mile from downtown Richmond. Colliers, which assisted with the financing, announced the $41.9 million project Nov. 11. Commodore will have 173 residential units and 3,500 square feet of ground-floor retail space[...]
VPM Media Corp. purchases Style Weekly
VPM Media Corp., the parent company of Richmond-based VPM public television and radio stations, announced Thursday it has acquired Style Weekly, the Richmond publication that was closed down in September by its owner, Alden Global Capital, after nearly 39 years in print. Financial terms were not disclosed, and a VPM spokesperson said they could not […]
Virginia Council of CEOs expands to Roanoke
The Virginia Council of CEOs, a Richmond-based nonprofit serving small and midsize business owners, has expanded to Roanoke, it announced last week. The organization has launched its first CEO peer roundtable in the Roanoke market and expects to form a second group shortly. About a year ago, the council announced plans to expand statewide. More […]
Stephen Moret to leave VEDP
Virginia Economic Development Partnership President and CEO Stephen Moret will leave VEDP to become president and CEO of Indianapolis-based Strada Education Network in January, Strada and VEDP announced Wednesday. Moret expects that VEDP’s board will appoint Executive Vice President Jason El Koubi to serve as interim CEO and a nationwide search will be conducted for […]
Bon Secours acquires Richmond-based Tuckahoe Orthopaedics
Bon Secours has acquired Richmond-based Tuckahoe Orthopaedics and will operate the three-location medical practice as part of Bon Secours Medical Group, the health system announced Tuesday. Financial terms were not disclosed. The private practice has been in business for more than 40 years and has been affiliated with Bon Secours for many years. Tuckahoe Orthopaedics […]
Brown Edwards acquires Mitchell Wiggins
Roanoke-based accounting firm Brown Edwards LLP acquired tax, audit and business consulting firm Mitchell Wiggins on Nov. 1. With offices in metro Richmond and the Petersburg/Tri-Cities areas, Mitchell Wiggins will bring six partners and 47 team members to Brown Edwards. Brown Edwards will have an office in the former Mitchell Wiggins space in Richmond, with […]
Reston’s Stanley Martin Homes breaks ground for RVA condos
Reston-based Stanley Martin Homes broke ground on a new downtown Richmond neighborhood, Carver Square, last month. Located in the city’s Carver neighborhood near Virginia Commonwealth University’s Siegel Center and across from Maggie Walker Governor’s School, Carver Square will feature 90 two-over-two-style garage condominiums on two acres at the corner of Moore and Lombary stree[...]
Richmond casino rejected by voters
Updated 4:20 p.m. Wednesday Richmond voters on Tuesday rejected the proposed $565 million ONE Casino + Resort by about a 1,200-vote margin. The project’s developer, Silver Spring, Maryland-based media company Urban One Inc., acknowledged the referendum’s defeat in a statement Wednesday, as did the city’s mayor. With “no” votes outnumbering yeses, Richmond became the o[...]
Breeden to develop $27M mixed-use project near RVA’s Diamond
Virginia Beach-based The Breeden Co. intends to build a $27 million mixed-use development, Duplex Station on Hermitage, on the former Cobb Lumber site near Richmond‘s Scott’s Addition neighborhood and less than a mile from The Diamond ballpark, the company announced Monday. Located at 2300 Hermitage Road, the project is slated to include 142 apartments and […]
Va. Catalyst awards $1.9 million in grants
The Virginia Catalyst, also known as the Virginia Biosciences Health Research Corp., has awarded $1.9 million in grants to three life and bioscience projects, it announced Thursday. Partner companies will meet the grants with matching funds. “We are excited to continue our mission of supporting collaborations and fostering economic growth in Virginia’s life sciences, enabling […]
